Tax exemption of projects

Each project, and the income from all leases made with respect thereto, are determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities. Acts 1967, No. 409, § 15; A.S.A. 1947, § 19-5115. Each project, and the income from all leases made with respect thereto, are determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities. Acts 1967, No. 409, § 15; A.S.A. 1947, § 19-5115.